The Debt Commission Is A Game Changer

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		SAI THE WIRE CLUSTERSTOCK MONEY GAME GREEN SHEET WAR ROOM LAW REVIEW LATEST VIDEO Thursday, December 9, 2010 The Debt Commission Is A Game Changer Agreement to extend the Bush tax cuts may not be finalized yet, but worries the outcome will further effect the deficit are already emerging. After last week's recommendations from the fiscal commission suggested wide-ranging cuts to the U.S. government's budget, the outlook if we don't take that advice, and just continue to spend, is grim. In fact, according to Deutsche Bank and CBO estimates, if we just continue down the same road of government spending, the U.S. debt to GDP ratio will rise to near 250% by around 2040. But if we do listen to the deficit commission, we won't be much better off than we are today, at slightly less than 50% debt to GDP after 2040. Certainly, the latter conclusion is much better, however. Read » Also On Clusterstock Today: Merrill Lynch Will Fire Aging Advisors Who Don't Bring In More Than $250,000 Per Year Richard Bernstein's 11 Predictions For 2011 Here's A New Billionaire For Hugh Hendry To Call A Socialist: Tom Steyer Check Out Photos Of The Insane Student Riots Happening In London Advertisement CHART OF THE DAY: The Shocking Selloff In Muni Bonds That Has Investors Running Scared CHART OF THE DAY: In Case You Didn't Realize Investors Have A Voracious Hunger For Risk CHART OF THE DAY: Watch This Chart To See If Stocks Are Going To Tank Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: ongrosyadi.topbloger@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 119 Fifth Avenue, New York, NY 10003 Terms of Service | Privacy Policy

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